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發表於 2006-12-21 07:19 PM
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NEW YORK, Dec 20 (Reuters) - Standard & Poor's $ z% m m4 k2 A5 I
0 k6 ^0 H. L& C0 v8 V, F8 s+ Son Wednesday changed its outlook on HSBC Holdings Plc (HSBA.L: Quote, Profile , Research) to positive from stable, citing continuing benefits from the company's earnings diversification and global reach.
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6 d% Z* W6 X- p2 M1 X# Z9 cThe new outlook reflects "the extraordinary diversification of the business profile, which provides a substantial earnings cushion to offset the volatility of individual business lines and geographies," S&P said in a statement.
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5 i8 l; O' O- M) C"The earnings mix means that HSBC is managing to produce high-quality group earnings even when individual markets suffer setbacks or hit difficult conditions," S&P said. 3 W+ }* M7 W6 c" x
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The outlook change also reflects HSBC's unique blend of potentially high-growth emerging market activities with a range of more mature businesses, and a strong enterprise risk management framework, "which is remarkably integrated for such a global group," S&P said.
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HSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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i. }' k8 |$ k; h4 R& z! v9 }$ u0 jS&P rates HSBC's long term debt "AA-minus," its fourth highest ranking. A positive outlook indicates the ratings are likely to be raised over the next two years. - W5 X* f& x% {" I- _1 ^2 m5 ?
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[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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